Existing Guaranties. The Agent and all Lenders hereby agree that each of the Guaranties from the Subsidiaries of the Borrower listed on Schedule 12.20 hereto that were executed and delivered under the Existing Credit Agreement and are in effect on the Effective Date are hereby terminated and of no further force or effect as of the Effective Date.
Existing Guaranties. Upon the effectiveness of this Guaranty, each of (i) the Guaranty, dated as of October 16, 2013, in connection with the Existing Revolver Agreement, and (ii) the Guaranty, dated as of October 16, 2013, in connection with the Existing Term Loan Agreement, are terminated and superseded by this Guaranty, except for any obligations with respect to the waiver of jury trial contained in Section 17 of each of such Guaranties that expressly survive the termination thereof.
Existing Guaranties. The Administrative Agent and all Lenders hereby agree that any and all “Subsidiary Guaranties” executed and delivered under the Existing Credit Agreement (or any predecessor agreements) and in effect on the Closing Date are hereby terminated and of no further force or effect as of the Closing Date.
Existing Guaranties. Sapient has issued standing letters of credit related to leased real estate in the amount of approximately $3.6 million, which have been issued by the Bank. Further, Sapient has, in a limited number of circumstances, guaranteed the debts of certain non-officer employees, related to certain debts. These guarantees are not material to the business operations of the company, and are further guaranteed by future employee bonus payments and stock options exercises. The company has also entered into certain guarantees in the form of performance bonds related to HWT, Inc. which relate to services contracts entered into between HWT and certain state government entities. These performance bonds can be executed by these state agencies in the case of non performance of duties, which would ultimately result in a financial settlement with Sapient Corporation. The maximum amount represented by these performance bonds is $1.3 million. Sapient has also guaranteed certain customer contracts and leases of its subsidiaries in the ordinary course of business, the amounts of which are not material individually or in the aggregate.
Existing Guaranties. No Subsidiary, and no entity that would constitute a Subsidiary but for its being organized under the laws of the jurisdiction outside the United States of America, has executed and delivered an Existing Guaranty except Subsidiaries that have executed and delivered Guaranties to the holders of the Notes.
Existing Guaranties. This Guaranty amends, restates and consolidates the ------------------- Guaranties dated as of December 28, 1990 and June 30, 1992, each as amended, by the Guarantor in favor of HRP.
Existing Guaranties. See Exhibit 6.2.5 hereto.
Existing Guaranties. Purchaser understands that XxXxxxxx and Xxxxxxxx have executed personal guaranties with regard to the Leases and with regard to certain financial obligations of Company. Purchaser agrees to use commercially reasonable efforts to have XxXxxxxx and Xxxxxxxx released from all such personal guaranties and, in the event such releases cannot be obtained, to indemnify XxXxxxxx and Xxxxxxxx from loss under such guaranties.
Existing Guaranties. Item 4.6 Permitted Investments
Existing Guaranties. Reference is made to the following agreements pursuant to which the Borrower guarantees the obligations of the Primary Obligor under those certain bareboat charters and that certain equipment lease set forth as items 2-10 on Schedule 5.1(g):
